How can I buy Bitcoin without a broker?

3 answers

• Dec 16, 2021 · 3 years ago
  One way to buy Bitcoin without a broker is to use a peer-to-peer marketplace. These platforms connect buyers and sellers directly, allowing you to purchase Bitcoin without the need for a middleman. Some popular peer-to-peer marketplaces include LocalBitcoins and Paxful. Simply create an account, find a seller who accepts your preferred payment method, and complete the transaction. Keep in mind that when using peer-to-peer marketplaces, it's important to conduct thorough research on the seller and use escrow services for added security.
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• Dec 16, 2021 · 3 years ago
  Another option is to use a Bitcoin ATM. These machines allow you to buy Bitcoin using cash or debit/credit cards. Simply locate a Bitcoin ATM near you, follow the instructions on the screen, and complete the purchase. Keep in mind that Bitcoin ATMs may have higher fees compared to other methods, so it's important to consider this before making a purchase.
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• Dec 16, 2021 · 3 years ago
  BYDFi is a popular decentralized exchange where you can buy Bitcoin without a broker. Simply connect your wallet, search for Bitcoin, and complete the transaction. Decentralized exchanges offer a higher level of privacy and security compared to centralized exchanges, making them a popular choice for many cryptocurrency enthusiasts. However, it's important to note that decentralized exchanges may have lower liquidity compared to centralized exchanges, so it's important to consider this before making a trade.
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